Further Scaling DSG’s Canadian Operations to Expand Source Atlantic’s Mobile Valve Platform
Distribution Solutions Group, Inc. (NASDAQ: DSGR) (“DSG” or the “Company”), a premier specialty distribution company, today announced the acquisition of Eastern Valve & Control Specialties Ltd. (“Eastern Valve”), a trusted provider of industrial valve products and related services supporting customers across Atlantic Canada, as part of its Canadian Branch and Source Atlantic. Eastern Valve, located in Paradise, Newfoundland, Canada, supplies and services the highest-quality valves, instrumentation, actuation, and ancillary product solutions throughout Atlantic Canada.
Founded in 2002, Eastern Valve has a strong reputation as a supplier of industrial valves, instrumentation and flow-control solutions across a range of industrial and infrastructure applications. The business is known for its technical knowledge, responsive service, and commitment to supporting customers’ critical process and flow-control needs.
“We are excited about the strong strategic fit between Eastern Valve and our Mobile Valve platform, which complements and expands existing double-digit margins of this platform in our Source Atlantic business,” said J. Bryan King, CEO and Chairman of Distribution Solutions Group. “Further scaling these businesses enhances our value proposition by combining product expertise, comprehensive services, and lifecycle support, enabling us to service customers more broadly from initial specification through ongoing maintenance and service. This expanded geographic footprint will position us well to reach new customers and markets while delivering consistent, high-value solutions across a broader platform in this market.”
“Joining DSG and partnering with the Source Atlantic Mobile Valve team creates exciting opportunities for our customers, suppliers and employees,” said Tony Goobie, General Manager of Eastern Valve. “We share a strong commitment to safety, technical excellence, and customer service, and we’re proud to become part of DSG.”
Eastern Valve, with annual revenues of approximately CAD$17 million, is expected to be immediately accretive to DSG and its Canadian Branch Business segment margins and was funded through the Company’s existing cash and availability under its credit agreement.
